Updated: Sep 3
12/20/19 - The 2020 budget for The Vaux is out and delivered to our owners. It proposes an 8.28% rise in expenditures and, consequently, an equal increase in our Association fees.
Why the jump (a bigger one than usual)? Operating expenses will only rise a modest 2.27%, but the Board wants to fortify our reserve fund (still anemic after replumbing our water supply) in anticipation of major expenses to come down the line.
Read the budget letter here . . .